Community post
PRICE SBD DOWN LOW .. ??
Question: PRICE SBD DOWN LOW .. ??
Why SBD is declining ....? is it because again there is a problem on SBD ....? a lot of people are complaining about the falling price of SBD.
We have to find a solution in this problem or maybe the end of the year SBD will rise ...? Maybe there is an explanation from the steemian .... ???
Posted on What - Q&A App on the STEEM Blockchain
Replies (4)
Honestly.... don't let it stress you too much. By design SBD should really be pegged to 1SBD. The fact that it got up to $14 was super weird because it doesn't really have any value (apart from the value users think it has). We really want the price of Steem to go up... and that will only happen when the market decides. There's not a lot we can do about it.
Well, as you can see the whole market is going down. There's no way that SBD would go up right now, because Bitcoin is going down every day. If bitcoin goes down, everything comes along with it. In some cases alt coins gain value when Bitcoin goes down, but there's simply too much FUD right now.
SBD will probably go up when things come back to normal in the market, but I wouldn't bet on it. It's designed to be at 1$. Sooner or later that's where it's going to be.
Sbd is low just like every other crypto currency, the ups and downs of crypto market is actually unpredictable and it's controlled by market forces.
There are actually a lot of hope for steem getting to $30 in this year 2018.
Someone says, right now steem and sbd price are falling because one of the big whales Dan is selling his all steems ..
Is it true??
@urbangladiator @trendo @dubem-eu